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AT&T Canada Posts Loss on Charge

Updated Aug. 13, 2002 8:41 p.m. ET

AT&T Canada reported a second-quarter net loss of 1.35 billion Canadian dollars ($858 million), after taking a C$1.27 billion charge to write down the value of its assets and goodwill and cut its work force. AT&T Canada, which is being taken private through an arrangement with parent AT&T Corp. of the U.S., posted a loss of C$174.7 million a year earlier. Revenue rose 2.6% to C$384.9...